Taiwan Enacts First Crypto Asset Service Law
The Legislative Yuan of Taiwan has officially passed the nation's first law dedicated to crypto asset services, requiring all virtual asset service providers (VASPs) to obtain a license to operate. The law sets severe penalties for non-compliance, signaling a major step toward regulatory clarity and investor protection in the region.
Binance Enters Philippines via Regulatory Sandbox
Binance, the world's largest cryptocurrency exchange, has announced its official market entry into the Philippines through the central bank's (BSP) regulatory sandbox program. The exchange will roll out localized services under BSP oversight, marking a strategic breakthrough in Southeast Asia.
Metaplanet Adds 2,823 BTC to Its Treasury
Japanese publicly traded company Metaplanet has executed another significant Bitcoin purchase, adding 2,823 BTC to its holdings. The company's total Bitcoin stash now ranks among the largest held by a listed firm in Asia, reinforcing its strategy of using Bitcoin as a primary corporate treasury asset.